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Two Sigma Securities agreed to buy Interactive Brokers Group Inc.

Interactive Brokers Chairman and Chief Executive Officer Thomas Peterffy founded Timber Hill in , helping propel him to billionaire status. It will complete its first options trade next week, CEO Simon Yates said in an interview.

Interactive Brokers shuts down options market making business | The Trade

The purchase comes amid muted volatility in stocks, which tends to diminish options trading volume. The options industry is dominated by a handful of large trading firms, including Citadel Securities, Susquehanna and Wolverine Trading.

The Chicago Board Options Exchange Volatility Index, commonly known as the VIX, closed at its lowest level since on Monday. Two Sigma Securities, which started in , is already a major player as a market maker in U.

Interactive Brokers to Stop Options Market-Making Activities - fadukuvo.web.fc2.com

Two Sigma is one of the biggest quant funds. The New York-based firm was founded in by David Siegel , a former chief technology officer at Tudor Investment Corp.

Yates said the company plans to hire 20 to 30 Timber Hill employees. Nonetheless, Two Sigma Securities is effectively bringing the whole operation aboard, he added. Bloomberg Anywhere Remote Login Software Updates Manage Contracts and Orders. Facebook Twitter LinkedIn Instagram. About The Company Bloomberg London.

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Climate Changed Video Series: Ventures Graphics Billionaires Game Plan Small Business Personal Finance Inspire GO The David Rubenstein Show Sponsored Content. Two Sigma to Buy Interactive Brokers' Options Trading Unit By Brian Louis BrianRLouis More stories by Brian Louis.

Saijel Kishan More stories by Saijel Kishan. Purchase fills out options trading business for Two Sigma.

Timber Hill, founded in , was electronic trading pioneer. Your cheat sheet on life, in one weekly email.

Two Sigma Securities to Acquire the U.S. Options-Market-Making Business of Interactive Brokers

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